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SEC's Division of Corporation Finance Updates its Financial Reporting Manual
Practical Law Legal Update 0-534-7005 (Approx. 3 pages)
SEC's Division of Corporation Finance Updates its Financial Reporting Manual
by Practical Law Corporate & Securities
| Published on 18 Jul 2013 • USA (National/Federal) |
The SEC's Division of Corporation Finance updated its Financial Reporting Manual.
On July 16, 2013, the SEC's Division of Corporation Finance published an updated version of its Financial Reporting Manual. The revised manual reflects changes to:
- Issues related to real estate acquisitions (Section 2300).
- Determination of significance for equity method investees (Section 2420.3).
- Examples of non-GAAP measures (Section 8120.2).
A summary of the revisions appears on page one of the revised manual. The revised sections are marked with the date tag "Last updated: 3/31/2013."
For more information on SEC financial reporting requirements, see Practice Note, Regulation S-X: What Lawyers Need to Know. For an overview of the sources of law and regulation of accounting, auditing and financial reporting, see Practice Note, Accounting, Auditing and Financial Reporting in the US: Governing Authorities.